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first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could kick in 25 days from now are threatening to ruin the holidays for millions of americans. >> the american people are counting on this getting solved. >> reporter: the two parties are leaving negotiations to the two main power brokers, president obama and house speaker john boehner. >> if the president doesn't agree with our proposal, he has an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the congress. >> reporter: with the clock ticking toward the fiscal cliff deadline, government workers have joined the push but they want to make sure they're not cut out of the deal. >> federal employees that i represent have offered up $103 billion to the federal deficit. >> reporter: jd cox of the american federation of government employees say they can't afford anymore cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed
first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could kick in 25 days from now are threatening to ruin the holidays for millions of americans. >> the american people are counting on this getting solved. >> reporter: the two parties are leaving negotiations to the two main power brokers, president obama and house speaker john boehner. >> if the president doesn't agree with our proposal, he has an obligation to...
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says they have always paid taxes to the letter of the law. but will make additional payments in 2013 and 2014 despite the fact that the u.k. unit is not yet profitable. google and amazon have been targeted as not paying their fair share in england. >> will be back with bay area traffic and weaken weather. and he has more on what is coming up. >> tevatron on the rise of the next few weeks thanks to high pressure. -- temperatures on the rise. >> you can see blue skies and a few clouds out there. for the rest of today we see areas of patchy fog in the north bay. otherwise a lot of sunshine for this afternoon. a bit milder and this evening clear skies and will cool things down. visibility is low in santa rosa. napa is looking good the fog had mixed out. and you are looking at this a visitvisibility problems are not an issue. >> temperatures are in the '50s and downtown san francisco forties' up in the north bay for novato 46 in san mateo. 51 in oakland. >> here is a look at satellite and radar where we see high pressure in control which is why we
says they have always paid taxes to the letter of the law. but will make additional payments in 2013 and 2014 despite the fact that the u.k. unit is not yet profitable. google and amazon have been targeted as not paying their fair share in england. >> will be back with bay area traffic and weaken weather. and he has more on what is coming up. >> tevatron on the rise of the next few weeks thanks to high pressure. -- temperatures on the rise. >> you can see blue skies and a few...
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Dec 7, 2012
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mandatory spending cuts and tax hikes will take effect in 25 days if there is no deal. president obama was in the holiday spirit last night as his family lit the national christmas tree. earlier he warned the budget crisis would dampen the holidays. >> we're in the midst of the christmas season. i think the american people are counting on this getting solved. the closer it gets to the brink, the more stressed they're going to be. >> the president repeated that if republicans refuse to raise tax rates on wealthy americans, there will be no deal. and speaking of spending money, this sunday morning on "face the nation," bob schieffer talks with the author of the bowles-simpson deficit-cutting plan, erskine bowles and alan simpson. >>> here's a million-dollar question. should passengers be allowed to use electronic devices during takeoff and landing? this morning the fcc says yes. it's written a letter urging the faa to allow tablets, e-readers and other portable devices to be used in flight. the chairman of the fcc says personal electronics allow business travelers to do t
mandatory spending cuts and tax hikes will take effect in 25 days if there is no deal. president obama was in the holiday spirit last night as his family lit the national christmas tree. earlier he warned the budget crisis would dampen the holidays. >> we're in the midst of the christmas season. i think the american people are counting on this getting solved. the closer it gets to the brink, the more stressed they're going to be. >> the president repeated that if republicans refuse...
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he says increasing tax rates will jeopardize the gains. he sounds very frustrated about where the talks are right now. >> this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week -- another week. >> reporter: there are reports this morning that fiscal cliff negotiations are really between president obama and speaker boehner right now. the speaker said he spoke on the phone with the president yesterday and it was a pleasant conversation. but more of the same. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 8:15. bay area sheriffs may be changing how they deal with suspected illegal immigrants. state attorney general kamala harris recently told the sheriffs they don't have to hold illegal immigrants want to deport them. she said those with serious criminal record -- records should be detained and deported and local departments have to decide how to handle others. >>> police mad
he says increasing tax rates will jeopardize the gains. he sounds very frustrated about where the talks are right now. >> this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week -- another week. >> reporter: there are reports this morning that fiscal cliff negotiations are really between president obama and speaker boehner right now. the speaker...
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hikes will takes effect if republicans refuse to raise taxes on the wealthiest americans. meanwhile a new survey shows the president's approval rating is at the highest point since the raid that killed osama bin laden. in addition, 42% believe the nation is heading in the right direction. >>> 6:10, a tycoon wanted for murder, how john mcafee ended up in the hospital. >>> a van plows into a jewelry store, narrowly missing the customer, what the driver says caused her to lose control. >> last going on, i had a former student give birth in the car. >> how about that, a lesson they never expected how teachers stepped in to deliver a baby in a school parking lot. we got that story and much more when we come back. ,,,,,,,,,, [ female announcer ] for those who love sweets, your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples. that's a given. you need safeway sugar for just $1.97. and that magic thing that makes everyone want another -- only $2.99 for challenge butter. and when hands get messy, quite surely they'll say
hikes will takes effect if republicans refuse to raise taxes on the wealthiest americans. meanwhile a new survey shows the president's approval rating is at the highest point since the raid that killed osama bin laden. in addition, 42% believe the nation is heading in the right direction. >>> 6:10, a tycoon wanted for murder, how john mcafee ended up in the hospital. >>> a van plows into a jewelry store, narrowly missing the customer, what the driver says caused her to lose...
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we need tax reform and higher tax rates on upper income households. >> it seems you could do the tax rates at the end of this year because you could make the kind of deal that you want and then do some of the closing of the loopholes on subsidies. i would hope as a state that have strong businesses that support doing this, you could bring the corporate tax rate down and work on the debt by closing the loopholes in subsidies. >> the tax reform is complicated. i am saying nail down the framework and then go to work and try to figure this out precisely. in terms of corporate tax reform, i think that is absolutely necessary, but i would think the goal there would be to make that revenue neutral if you can. you want to bring down the corporate rates so we can be more competitive. >> what about senator coburn's assessment, in wanting to reduce the debt? >> i disagree. i have a great deal of respect for the senator, but i disagree. the fact that we have so many tax expenditures both on the corporate and income tax side that operates with inefficiency, with jobs going overseas, we need to se
we need tax reform and higher tax rates on upper income households. >> it seems you could do the tax rates at the end of this year because you could make the kind of deal that you want and then do some of the closing of the loopholes on subsidies. i would hope as a state that have strong businesses that support doing this, you could bring the corporate tax rate down and work on the debt by closing the loopholes in subsidies. >> the tax reform is complicated. i am saying nail down...
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financial experts were on capitol hill yesterday to talk about the negative impacts if the automatic tax increases and spending cuts happen on january 1st. president obama visited a northern virginia family who would suffer finally if a -- financially if a deal isn't reached. the president's approval rating is at its highest point since the raid that killdee killed osama bin laden. 42% believe the nation is heading in the right direction. >>> the san diego zoo two new additions. they're 14 week old clouded leopard cubs and their adorable. they are brothers and playful. they like to pounce on each other and climb and use each other as trampolines. they arrived earlier from the nashville view where there's a successful breeding program saying hello for the endangering expertise. they are adorable but grow into big guys. >> you want to take them home until they get really big. >> and send them back to the zoo. >> it's 5:20 hoping to stop the slide. did the raiders beat the broncos in oakland last night. >> i think we all know. >>> he's back at it, the dunk by lebron james that has earned ou
financial experts were on capitol hill yesterday to talk about the negative impacts if the automatic tax increases and spending cuts happen on january 1st. president obama visited a northern virginia family who would suffer finally if a -- financially if a deal isn't reached. the president's approval rating is at its highest point since the raid that killdee killed osama bin laden. 42% believe the nation is heading in the right direction. >>> the san diego zoo two new additions....
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. >> still the white house says those across the board spending cuts and tax hikes will take effect if republicans fuse to raise taxes on the wealthiest americans. >>> one of the tea party movements favorite lawmakers is is leaving the senate. south carolina republican jim demint announced yesterday that he's cutting his term short to join the heritage foundation. he said he would not run for a third term in 2016. >>> we're going to get the november jobs report from the labor department. they expect the unemployment rate to hold steady at 7.9% but they think job creation was down substantially from october because of superstorm sandy. >>> apple fans, did you know all your apple l products are made in china. you may have not that but it's about -- known that but it's about to change. they will start assembling one of their mass computer models here in the usa. analysts are calling this a big move. >> for apple l to step out and say this is something they want to do, they want to manufacture here in the united states, it's a big deal. and it's a big differentiator for this country. >> th
. >> still the white house says those across the board spending cuts and tax hikes will take effect if republicans fuse to raise taxes on the wealthiest americans. >>> one of the tea party movements favorite lawmakers is is leaving the senate. south carolina republican jim demint announced yesterday that he's cutting his term short to join the heritage foundation. he said he would not run for a third term in 2016. >>> we're going to get the november jobs report from the...
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he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around ♪ ♪ there's no such thing whenas too soft. toilet paper, i know what i like. i
he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in last month's...
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legal marijuana sales could generate washington $500 million a year in taxes and business. opponents worry legalization will lead to more people using drugs. >> this is not what you're going to pick up in baggy at the corner. >> it's the opposite. >> reporter: a former microsoft executive has plans for up market marijuana shops. >> we're positioning premium marijuana similar to a fine cigar. something to be saverred. something to be consumed in moderation. >> reporter: the new stores would be modeled after those in many states for alcohol. by next month a similar law will go into effect in colorado. but all those big plans could go up in smoke because of federal law. the justice department says it's studying the situation here in washington but the feds have warned residents of the state that under federal law all marijuana use is illegal. >> well, if you've ever bashed a business online, beware. those nasty comments could cost you. a virginia woman got slapped with a $700,000 lawsuit for criticizing her contractor. her scathing reviews on angies list and yelp included pict
legal marijuana sales could generate washington $500 million a year in taxes and business. opponents worry legalization will lead to more people using drugs. >> this is not what you're going to pick up in baggy at the corner. >> it's the opposite. >> reporter: a former microsoft executive has plans for up market marijuana shops. >> we're positioning premium marijuana similar to a fine cigar. something to be saverred. something to be consumed in moderation. >>...
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the deadline for the president and congress to find a way to avoid tax increases and spending cuts is 25 days away. president obama made a special point to sit with a middle class family in virginia this afternoon. he was trying to offer an example of who would be hurt by the republican tax proposal. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives the sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to chose tax loopholes and limit some deductions. they say the president needs to deliver a new plan that they can agree on and soon. it's also important to note that congress is scheduled to adjourn december 21st and the president is supposed to be headed to hawaii for vacation on december 17. >>> after doing some downsizing starbucks is back to brewing up some expansion plans and that includes another san francisco store. at market and sanchez. cbs 5 reporter mike sugerman tells us some small businesses in that area are trying to grind that plan to a hal
the deadline for the president and congress to find a way to avoid tax increases and spending cuts is 25 days away. president obama made a special point to sit with a middle class family in virginia this afternoon. he was trying to offer an example of who would be hurt by the republican tax proposal. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives the sense of the costs involved in very personal terms. >>...
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l mal marijuana sales could also generate washington $500 million a year in taxes and business. opponents worry legalization will lead to more people using drugs. >> this is not what you're going to pick up in a baggy at the corner. >> absolutely not. it's the complete opposite. ve reporter: jamen shively, a former microsoft executive, has xeans for up-market marijuana -mars. >> we're positioning premium marijuana, very similar to a fine cognac, a fine cigar, something to be savored, something to be consumed in moderation by responsible adults. >> reporter: new stores would be modeled after those in many states it for alcohol. by next month, a similar law will go into effect in colorado, ohere residents will be allowed to grow their own marijuana. but all those plans could go up in smoke because of federal law. the justice department said it's studying the situation here in washington, but, scott, the feds have already warned residents of this state, under federal law all marijuana use remains illegal. >> pelley: plenty of room for confusion. thanks very much, john. a change may
l mal marijuana sales could also generate washington $500 million a year in taxes and business. opponents worry legalization will lead to more people using drugs. >> this is not what you're going to pick up in a baggy at the corner. >> absolutely not. it's the complete opposite. ve reporter: jamen shively, a former microsoft executive, has xeans for up-market marijuana -mars. >> we're positioning premium marijuana, very similar to a fine cognac, a fine cigar, something to be...
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top economists showed up at the capital today for further talks about the impact of tax increases and government spending cuts on the middle class. from a home in virginia president obama sat with a middle class family he says will be hit hard if congress doesn't extend middle class tax cuts. >> for them to be burden unthis isly because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to close tax loopholes and limit some deductions. they say the president needs to deliver a new plan they can agree on before the january 1 deadline. >>> stocks inched up as investors kept and eye on washington. the dow was up around 40, nasdaq up 16, s&p saw a 5 point increase. >>> the dungeness crab season has hit a snag. local crabbers are refusing to fish for the northern california delicacy after a new price fight with the wholesalers. the cbs 5 reporter anne makovec shows us the solidarity on the docks is being tested. >> strike last year this boat. >> right.
top economists showed up at the capital today for further talks about the impact of tax increases and government spending cuts on the middle class. from a home in virginia president obama sat with a middle class family he says will be hit hard if congress doesn't extend middle class tax cuts. >> for them to be burden unthis isly because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >>...
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he is staying put though to avoid burning tax money in the process but 200 of his colleagues are spending time this week on this. ktvu channel 2 news. >>> a new study may lead to more widespread use of prenatal gene testing. it helps find more genetic abnormalities. a doctor said results could help parents better prepare for a child with special needs. >>> nursing home director is arrested, new at 6:00 p.m., why police believe there may be more victims in the case. >> several popular baby products contain carcinogens. we will have details and what consumers can do about it. and the room is filled with all these different kinds of coffee. actually, i just press this button. brew what you love, simply. keurig. >>> a nursing home manager is accused of embezzling from an elderly woman she was supposed to be caring for. and which retailers are being taken to court. >> complete bay area news coverage starts right now, this is ktvu channel 2 news at 6:00 p.m. >> good evening. i am ken wayne. frank somerville is off. >> i am julie haener. rawoman is -- a woman is bilked out of $40,000. ktvu's pat
he is staying put though to avoid burning tax money in the process but 200 of his colleagues are spending time this week on this. ktvu channel 2 news. >>> a new study may lead to more widespread use of prenatal gene testing. it helps find more genetic abnormalities. a doctor said results could help parents better prepare for a child with special needs. >>> nursing home director is arrested, new at 6:00 p.m., why police believe there may be more victims in the case. >>...
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a voluntary tax on vintners covers the rest. angel calderon runs the centers. he says the 81-year-old priest created a model for farm worker housing. >> he was a saint because i don't know everybody else in this valley doing that much for the farm workers. >> reporter: father brenkle also cofounded a nonprofit that helped develop more than 900 affordable housing units. >> as i look back, i have a sense of peace and satisfaction. >> reporter: so for his tireless fight for farm worker housing this week's jefferson award in the bay area goes to father john brenkle. sharon chin, cbs 5. >> much deserved. you can nominate your local heroes for a jefferson award online at our website, cbssf.com. >>> with the prince by her side, the duchess of cambridge left a london hospital today after an eventful few days of medical tests, media coverage and one infamous prank call. monica villamizar has the latest. >> reporter: the duchess of cambridge smiled as she made her first public appearance since the royal family announced she is pregnant. she and her husband, prince willia
a voluntary tax on vintners covers the rest. angel calderon runs the centers. he says the 81-year-old priest created a model for farm worker housing. >> he was a saint because i don't know everybody else in this valley doing that much for the farm workers. >> reporter: father brenkle also cofounded a nonprofit that helped develop more than 900 affordable housing units. >> as i look back, i have a sense of peace and satisfaction. >> reporter: so for his tireless fight for...
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. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending cuts on the middle class. president obama and house speaker john baner -- john boehner spoke wednesday but publicly are holding firm on their positions. it's made clear the country could go over the cliff if congress fails to come to a agreement. the standoff and the country's skyrocketing debt concerned ryan ryan, so much so that he's the guy in the suit dancing gangnam style with former senator alan simpson. the can kicks back is working to get young people back to fixing the debt crisis. >> we're using humor to hook them in and get them to learn about this issue and understand how it affects their lives. >> reporter: the grass roots campaign wants to sign up more than two million people to put pressure on both sides. danielle nottingham, cbs news, washington. >>> 9news now is talking to our local congressional members about the fiscal cliff. and tonight at 7:00 p.m., maryland senator ben cardin will join derek mcginty in our studio. last night virginia democ
. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending cuts on the middle class. president obama and house speaker john baner -- john boehner spoke wednesday but publicly are holding firm on their positions. it's made clear the country could go over the cliff if congress fails to come to a agreement. the standoff and the country's skyrocketing debt concerned ryan ryan, so much so that he's the guy in the suit dancing...
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that's mandatory spending that's been budgeted based off what we spend on our taxes. the bulk of it is going there. 20% is going to defense. discretionary spending is 13% and 7% the interest we are paying on our debt. that's also mandatory and we have to make good on our debt. >> which is why anybody serious about the debt says you have to look at entitlements based on that. where are the areas for compromise? >> so when you look at where they're talking about cutting spending, it's in the discretionary category. $600 billion in dissectionry spending is what's on the table right now. you start looking at social security and medicare, one of the ideas for compromise that's been on the table is increasing that age. the availability begins at 65. if you were to increase it to 67 about $250 billion in savings. also if you look at medicare cost sharing -- this is from the provider. if you go back to the providers who provide medicare and say to them we need you to come around and provide, pony up a little bit of the money, you can save $353 billion. also, social security.
that's mandatory spending that's been budgeted based off what we spend on our taxes. the bulk of it is going there. 20% is going to defense. discretionary spending is 13% and 7% the interest we are paying on our debt. that's also mandatory and we have to make good on our debt. >> which is why anybody serious about the debt says you have to look at entitlements based on that. where are the areas for compromise? >> so when you look at where they're talking about cutting spending, it's...
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obama's plan in the poll 48% want the tax cuts on incomes exceeding quarter million dollars a year to expire in january while continuing them for everyone else. 32% want to renew the tax cuts for everyone. findings seem to strengthen the president's hand in his negotiations >> recall alert for parents from 7 on your side. government is taking action against makers of nap nanny, a portable baby recliner, after five infanned -- five infant deaths. the nap nanny poses risk of injury and death to infants. the commission says it is a dangerous product with a faulty sign. coming up on "good morning america" at 7:00, why the makers are refusing to pull its product. >>> this afternoon cal will hold a news conference to introduce the bear's new coach, sonny dykes has hired yesterday to rebill the program he leaves louisiana tech after three seasons. this year -- his bulldogs led the nation in scoring. he runs spread offense expected to bring exciting football to berkeley he has previous experience in pac 12 as assistant at arizona. >>> still ahead, same-sex marriage is now legal in yet another
obama's plan in the poll 48% want the tax cuts on incomes exceeding quarter million dollars a year to expire in january while continuing them for everyone else. 32% want to renew the tax cuts for everyone. findings seem to strengthen the president's hand in his negotiations >> recall alert for parents from 7 on your side. government is taking action against makers of nap nanny, a portable baby recliner, after five infanned -- five infant deaths. the nap nanny poses risk of injury and...
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still no face-to-face talks on that "fiscal cliff." >> there will be no deal without a compromise on taxes. >> state lawmakers fixing their cars on your dime. >> as a taxpayer, you know, it's my money going to it so it's certainly frustrating. >> oakland police fend off the feds. >> most importantly, what they avoid is a complete federal takeover something that would be an embarrassment for the city. >> i have documentation that proves the intense corruption at all levels of the belizian government. >> busted and heading back to belize. silicon valley tycoon john mcafee is now under arrest. >> the dungeness crab season just got started and already, the boats are idle. >> from across the bay -- >> it's just imagine cal for me. >> -- to around the world, the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald captions by: caption colorado comments@captioncolorado.com >>> good morning, it's thursday, december 6. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it is 6:30 on this thursday. >>> a broken hydrant left a wet mess in do
still no face-to-face talks on that "fiscal cliff." >> there will be no deal without a compromise on taxes. >> state lawmakers fixing their cars on your dime. >> as a taxpayer, you know, it's my money going to it so it's certainly frustrating. >> oakland police fend off the feds. >> most importantly, what they avoid is a complete federal takeover something that would be an embarrassment for the city. >> i have documentation that proves the intense...
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in january, while continuing them for everyone else, 30 to% wanted to renew -- 32% wanted to renew tax cuts for everyone. >>> this afternoon, the 49ers' new stadium will reap a construction milestone crews will erik the uppermost structural steel beams 200 feet above the ground. -- 49ers ceo york and other dignataries will hold a ceremony. the two beams pained gold will bear signatures of the projects 570 construction workers, 49ers as well as santa clara city leaders. the work began in july. the stadium remains on schedule to open for the 2014 season. >>> we had 49er day earlier in season now it is raiders day. >>> definitely going to be a tough morning. not hanging heavy over the bay bridge or as we look at the ferry building from downtown san francisco wind blowing out of the west keeping dense fog from forming. also what is pushing the moisture into the atmosphere and why we have mist in the air. most of us will have a dry commute this morning. mist is a little thicker and when you are driving through the clouds above 900 feet you may get slickness on the roads. no organized areas
in january, while continuing them for everyone else, 30 to% wanted to renew -- 32% wanted to renew tax cuts for everyone. >>> this afternoon, the 49ers' new stadium will reap a construction milestone crews will erik the uppermost structural steel beams 200 feet above the ground. -- 49ers ceo york and other dignataries will hold a ceremony. the two beams pained gold will bear signatures of the projects 570 construction workers, 49ers as well as santa clara city leaders. the work began...
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uncertainty over taxes and the impact of scheduled government cuts on the economy is really making it hard for companies to plan. so instead, they are keeping their spending in a wait-and- see mode and again, that's going to persist until we get resolution. for more on the jobs report preview, go to moneywatch.com where we warn that things could get ugly in the labor market before they turn around. >> okay. jill schlesinger, editor at large for cbsmoneywatch.com, thank you. >>> i'm going to have to separate my coanchor and our weather guy because we have a quasi denver bronco fan here, she grew up there. we'll let her have that. quasi. and a huge raider fan. >> and they play tonight. huge raider fan. i'm not too excited about this game tonight. >> we may not be talking tomorrow morning. >> going to make sure you guys are open. >> there is a reason the desk are separate. >> we have good news. we are finally catching a break from the stormy weather outside. all the raindrops leaving behind a lot of moisture in the atmosphere so we're catching a lot of fog outside around the bay area. de
uncertainty over taxes and the impact of scheduled government cuts on the economy is really making it hard for companies to plan. so instead, they are keeping their spending in a wait-and- see mode and again, that's going to persist until we get resolution. for more on the jobs report preview, go to moneywatch.com where we warn that things could get ugly in the labor market before they turn around. >> okay. jill schlesinger, editor at large for cbsmoneywatch.com, thank you. >>>...
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the proposition boosts sales tax a quarter of a cent and retroactively raising income tax for the wealthy. >>> a number of state lawmakers apparently like the cars the state used to provide for them. a yearling, the perk of a free car was taken away from the legislators but at least 37 of them decided to buy those cars the state was selling. but first, they had them worked on and the state paid $78,000 for the repairs and maintenance. as a taxpayer it's frustrating. >> we are getting ripped off. it's not fair. we work really hard for our money? >> but a source in the legislature says the state actually got more money when it sold the cars because of the work done on them. >>> president obama and house speaker john boehner have resumed informal talks. they spoke by phone yesterday raising some hopes that formal talks will resume on how to avoid the new year's day "fiscal cliff." across-the-board spending cuts and tax increases as we all know will kick in if a budget agreement isn't reached by the end of the month. the president also met with ceos of some of the nation's largest companies h
the proposition boosts sales tax a quarter of a cent and retroactively raising income tax for the wealthy. >>> a number of state lawmakers apparently like the cars the state used to provide for them. a yearling, the perk of a free car was taken away from the legislators but at least 37 of them decided to buy those cars the state was selling. but first, they had them worked on and the state paid $78,000 for the repairs and maintenance. as a taxpayer it's frustrating. >> we are...
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again, we say there's no prospect for an agreement that doesn't involve those tax rates going up. remember, it's 2%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks could start soon, but now we learn that a lot of members of congress are heading out on a long weekend, not to return till tuesday. this as the impasse here on capitol hill continues and the nation waits. social security workers marched outside their office in baltimore wednesday. they're protesting the government spending cuts due to kick in at the end of the year as part of the fiscal cliff. >> we don't want to see our public hurt in any way. >> just down the road in washington, d.c., the standoff continues. house speaker john boehner says he's still wa
again, we say there's no prospect for an agreement that doesn't involve those tax rates going up. remember, it's 2%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call...
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his democratic counterpart says >> passing middle income tax holding them hostage from tax cuts for the rich. >> president obama also tried to pin a negotiating tactic on republicans, saying congress can't tie >> i will not play that >> it's a sign the two sides have a lot to discuss---once they decide to do so. emily schmidt, kron4 news >> it appears americans don't mind sharing opinions.. even on things that don't exist. a recent poll by public policy polling found 25- percent of americans took a stance on a phony debt reduction policy called the "panetta-burns plan." the proposal was dreamed up by pollers to test how many people would speak on something they clearly don't know anything about. eight-percent of those polled supported the mythical plan and 17-percent opposed it. in contrast, 39-percent of voters were willing to share their thoughts about the "simpson-bowles" deficit reduction plan... a real policy up for debate in congress. 4:4:02 a.m. we will be right back. this live look from walnut creek. 4:42 all fresh & e z could be closing the stores -- fresh and the ec could be c
his democratic counterpart says >> passing middle income tax holding them hostage from tax cuts for the rich. >> president obama also tried to pin a negotiating tactic on republicans, saying congress can't tie >> i will not play that >> it's a sign the two sides have a lot to discuss---once they decide to do so. emily schmidt, kron4 news >> it appears americans don't mind sharing opinions.. even on things that don't exist. a recent poll by public policy polling...
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doesn't agree to raise taxes on the top 2% of earners. while a handful of republicans appears willing to concede that point, the party's position seems unchangeable. >> speaker boehner took a position i think the day aft campaign that said we're willing to bring in revenue but we're not willing to increase rates. >> reporter: the president says if republicans will concede the point, they could reach a deal within a week. susan mcginnis, cbs news, washington. >> 9news now is talking to our local congressional members about the fiscal cliff tonight at 7:00. maryland senator ben cardin will join derek mcginty in studio. last week virginia democrat jerry connolly stopped by and -- last night rather. virginia democrat jerry connolly stopped by and the 11th district representative stressed there is room for compromise on his party's side. >> it ought to be open to negotiation what the income threshold s. the. has laid out 250. i think there's maneuverability. i think it's too low. >> is there maneuverability on the percentage? could it be 37, 3
doesn't agree to raise taxes on the top 2% of earners. while a handful of republicans appears willing to concede that point, the party's position seems unchangeable. >> speaker boehner took a position i think the day aft campaign that said we're willing to bring in revenue but we're not willing to increase rates. >> reporter: the president says if republicans will concede the point, they could reach a deal within a week. susan mcginnis, cbs news, washington. >> 9news now is...
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state tax pairs paid more than $800. then she bought the car for personal use. her staff declined comment. according to an associated press report, 47 of the 64 lawmakers bought their cars. that's after taxpayers paid for repairs and maintenance. >> unfortunately they made a mistake and i think some of them realize they made a mistake hoping it wouldn't be disclosed to the public. >> reporter: california was the only state to have a car perk for state lawmakers until a year ago. a citizens commission ended program to save $5 million a year. some of the larger bills came from senator bob dunn gone. his chevy tahoe wracked up nearly $6000 in work. he says the car was nearly 100,000-miles. he bought it weeks later. new tires and a cooling system flush as part of a $2400 taxpayer bill before he bought the car. >> it's my money going to it. it's frustrating. >> sounds like we're getting ripped off. doesn't sound fair at all. we work really hard for our money. >> reporter: an unnamed source told me when lawmakers gave up their cars they got auction to dealers. lawmake
state tax pairs paid more than $800. then she bought the car for personal use. her staff declined comment. according to an associated press report, 47 of the 64 lawmakers bought their cars. that's after taxpayers paid for repairs and maintenance. >> unfortunately they made a mistake and i think some of them realize they made a mistake hoping it wouldn't be disclosed to the public. >> reporter: california was the only state to have a car perk for state lawmakers until a year ago. a...
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increase on high earners and a boost to the statewide sales tax to save public schools. but a new forecast calls it a double-edged sword because it will drag the economy slowing growth. >> republicans have been saying that for some time. any time that you have higher taxes, it changes behavior but it also dampens the economic recovery. >> they estimated payroll growth to be between 1-2% in the next two years. it predicts unemployment rate will average 10.5% by the end of the year and then go to 9.7% next year with a jobless rate of 8.4% in 2014. >> i think it's an oversimplification. >> an economist who is school finance consultant. he says it doesn't take into account if they rejected prop 30 six billion in cuts mostly to public education. he thinks californians want to trade short term growth for an investment in kids. >> we would have been looking at shortening the school day further, more kids out the streets. that is exactly what the voters didn't want to see. >> for job seekers, to see any slowdown in hiring, even for a good reason is frustrating. >> i look for abo
increase on high earners and a boost to the statewide sales tax to save public schools. but a new forecast calls it a double-edged sword because it will drag the economy slowing growth. >> republicans have been saying that for some time. any time that you have higher taxes, it changes behavior but it also dampens the economic recovery. >> they estimated payroll growth to be between 1-2% in the next two years. it predicts unemployment rate will average 10.5% by the end of the year...
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a voluntary tax on vintners covers the rest. angel calderon runs the centers. he says the 81-year-old priest created a model for farm worker housing. >> he was a saint because i don't know else in this valley doing that much for the farm workers. >> reporter: father brenkle also cofounded a nonprofit that helped develop more than 900 affordable housing units. >> as i look back, i have a sense of peace and satisfaction. >> reporter: so for his tireless fight for farm worker housing this week's jefferson award in the bay area goes to father john brenkle. sharon chin, cbs 5. >> nominate your local heroes for a jefferson award on cbs 5 online. go to cbssf.com, click the "connect" button and jefferson awards to find the email nomination form. >> now our little ray of sunshine bringing more sunshine. >> everybody was in a tizzy today because we had the official lighting of the sacramento tree in sacramento and we had rain and all the way throughout the central valley. good evening, everybody. let's go ahead and head to sacramento where the governor was on hand -- tha
a voluntary tax on vintners covers the rest. angel calderon runs the centers. he says the 81-year-old priest created a model for farm worker housing. >> he was a saint because i don't know else in this valley doing that much for the farm workers. >> reporter: father brenkle also cofounded a nonprofit that helped develop more than 900 affordable housing units. >> as i look back, i have a sense of peace and satisfaction. >> reporter: so for his tireless fight for farm...
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incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary geithner's comments about going over the cliff. the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me-- or do not used words like "curt," "frank" and "direct" meaning it was probably more gentle. also i'm told scott this is no longer a time for check-in phone calls between these two leaders. everything now is substantive about the underlying merit of what treasury secretary geithner. republicans bel
incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the...
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now, we would have all those spending cuts but remember, we would also have an increase in taxes which some economists predict could throw us back into recession and with no deal who is to of blame? 53% of americans place that blame on republicans. in the newsroom, grace lee, cbs 5. >>> the comments made by the president made investors hopeful that a quick deal could be made to avoid the "fiscal cliff." that gave wall street its first gain. week. the dow closed up more than 82 ending above 13,000. the s&p 500 rose more than 2. but the nasdaq as you see lost almost 23. >>> bart's multi-million dollar nuisance. the exhaustive effort to shoo hundreds of birds away. >> and hundreds of complaints about the iphone 5. >> and now the day the drying trend begins as eyewitness news continues right here on cbs 5. ,, oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter!
now, we would have all those spending cuts but remember, we would also have an increase in taxes which some economists predict could throw us back into recession and with no deal who is to of blame? 53% of americans place that blame on republicans. in the newsroom, grace lee, cbs 5. >>> the comments made by the president made investors hopeful that a quick deal could be made to avoid the "fiscal cliff." that gave wall street its first gain. week. the dow closed up more than...
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they say congress needs to add tresz the so-called fiscal cliff before scheduled tax sxhieks spending cuts go into effect. one berkeley mother was among those in washington. >> like many families, i don't have any other place to cut right now so we're here to stand up and make sure that our voices are heard. >> the group also delivered signed petitions urging congress to end the bush tax cuts for the wealthy. >>> representatives from huns of charities have descended on capitol hill in an effort to dlsh there has been talk of capping the deduction but nonprofit leaders say they're afraid if the government limits the deduction people would drastically cut back on their donation. >> that means there will be less opportunity for people to be fed. there will be less nights of care provided for those who are homeless. there will be less service for disaster situations. >> some republican pros pose limiting all itemized tax deductions, but president obama wants to increase tax rates for the wealthiest 2% of americans instead. >>> government regulators are taking action against a baby recline
they say congress needs to add tresz the so-called fiscal cliff before scheduled tax sxhieks spending cuts go into effect. one berkeley mother was among those in washington. >> like many families, i don't have any other place to cut right now so we're here to stand up and make sure that our voices are heard. >> the group also delivered signed petitions urging congress to end the bush tax cuts for the wealthy. >>> representatives from huns of charities have descended on...
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. >> a sticking point remains whether to raise tax rates for the wealthiest two percent of americans. speaker boehner concedes the rich will pay more in taxes, but says that won't solve a spending problem. his democratic counterpart says republicans should act for the other 98 percent. >> passing middle income tax cuts means the end of holding them hostage from tax cuts for the rich. >> president obama also tried to pin a negotiating tactic on republicans, saying congress can't tie fiscal cliff negotiations to upcoming debt ceiling votes. >> i will not play that game. we've got to break that habit before it starts. >> it's a sign the two sides have a lot to discuss---once they decide to do so. emily schmidt, kron4 news >> depending on you who you speak with. this wild prank. the hospital got a call from deejays she was pretending to be the queen and he was pretending that he was prince charles. incredibly, the hospital thought that it was correct and they released information. >> the call was put through to the ward and i am not impressed i think it was a pretty poor trick to play. th
. >> a sticking point remains whether to raise tax rates for the wealthiest two percent of americans. speaker boehner concedes the rich will pay more in taxes, but says that won't solve a spending problem. his democratic counterpart says republicans should act for the other 98 percent. >> passing middle income tax cuts means the end of holding them hostage from tax cuts for the rich. >> president obama also tried to pin a negotiating tactic on republicans, saying congress...
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a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that sometime. it change behaviors. it's dampening economic recovery. >> the forecast estimates payroll growth hovering between 1% and 2% in next two years. it predicts the rate will average 10.5% by the end of the year, then improve to 9.7% next year with the jobless rate around 8.4% in 2014. >> jerry shelton is a school finance consultant and says the report doesn't take into aif the kth what would have happened if voters rejected prop 30. $6 billion in cuts, mostly to public education. he thinks$c]b californians wano trade short term economic growth for an investment in kids. >> we would been looking at shortening the school day, more kids out on the streets. you know? higher levels of droppouts and things like that. that is exactly what the voters didn't want to see. >> still for job seekers to see slow downs
a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that sometime. it change behaviors. it's dampening economic recovery. >> the forecast estimates payroll growth hovering between 1% and 2% in next two years. it predicts the rate will average 10.5% by the end of the year, then...
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the president wants bush-era tax breaks to expire for households making $250,000 or more. republicans are adamantly opposed to that. >> closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising rates. >> reporter: republicans are also pressing their case with the public. house gop leaders invited small business owners to capitol hill for a meeting. republicans argue that tax increases will cripple small businesses. and max olson agrees. olson opened his insurance agency this year. he says the uncertainty over a looming tax hike is holding up his plans to hire more employees. >> right now, i'm presently interviewing people as we speak. and i don't know what's going to happen in january to my tax rate. >> reporter: both sides have proposals on the table to steer clear of the "fiscal cliff." but so far, neither republicans nor democrats appear ready to blink when it comes to tax rates for wealthy americans. danielle nottingham, cbs news, washington. >>> stanford is apparently the place to be if you are looking to launch a start
the president wants bush-era tax breaks to expire for households making $250,000 or more. republicans are adamantly opposed to that. >> closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising rates. >> reporter: republicans are also pressing their case with the public. house gop leaders invited small business owners to capitol hill for a meeting. republicans argue that tax increases will cripple small businesses. and max olson...
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overall and no movement on higher income tax rates. they want to cut unnamed tax bre breaks and deductions, which they say will do more to boost economic growth. the white house considers the proposal and economic rationale behind it laughable. >> we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> reporter: republicans answered back ba-humbug. >> this is absolutely not serious and the administration knows it. >> reporter: six governors, three from each party, met the president and said acid they believe business leaders in their states won't invest and hire until a deal gets done. >> until this gets resolved in a way that's not a three-month fix but for some longer period of time, the better off we'll be. >> reporter: the white house says it has nothing new to say to republicans and at bottom of the hour, the president will meet here. meanwhile mitt romney's running mate, paul ryan said in a speech last night it's time for the republican party to change its ap
overall and no movement on higher income tax rates. they want to cut unnamed tax bre breaks and deductions, which they say will do more to boost economic growth. the white house considers the proposal and economic rationale behind it laughable. >> we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> reporter: republicans answered back ba-humbug. >> this is absolutely not serious and the administration...
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it also increases the sales tax. well, the ucla and der son forecast says because of prop 30 -- anderson forecast says because of prop 30, unemployment will not improve as fast and personal income will be less than expected. but economists say california is still on track for economic growth and more jobs. >>> well, sheriffs in solano county want your help. they are trying to catch vandals who damaged a home known for its holiday displays. every year, bob and linda taylor transform their home in vallejo on glencove road into a christmas wonderland. but this year, someone ripped down some of their lights and dragged them in the streets and they were run over. the taylors say the lights can be fixed an santa claus will still come. >>> another example of a grinch on the loose. what happened at a local christmas tree lot run by boy scouts. >>> i'm gonna go ahead and announcement my retirement. >> katt williams calls it quits. the latest incident that prompted that announcement. ?f< did you get chips for the party? nope.
it also increases the sales tax. well, the ucla and der son forecast says because of prop 30 -- anderson forecast says because of prop 30, unemployment will not improve as fast and personal income will be less than expected. but economists say california is still on track for economic growth and more jobs. >>> well, sheriffs in solano county want your help. they are trying to catch vandals who damaged a home known for its holiday displays. every year, bob and linda taylor transform...
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on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's talking out, justifying why he took the photo. and why so many other folks were running away. there's nobody there trying to help him off the tracks. >> he says he was trying to help. we're going to get into that. >>> also, you guys over there took advantage of the spring weather yesterday. >> yes, we did. we needed a walk. but more importantly, we needed to see our old pal, robin. we got to walk through the riverside park, as the sun was setting on a beautiful day in manhattan. it's always the case. she's always the -- >> she looks fantastic. >> she is the best med
on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's...
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the republicans may be softening on raising taxes for the wealthiest americans. the white house may be bending on some greater spending cuts for medicare and raising the age from 65 to 67. they will be work meeting witlater on. >> if you can see the rain coming down, livermore is getting hammered. we will be right back. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. this is making big news across country the fall on the front page of yesterday's new york post scene here has a lot of people questioning the newspaper and the phot
the republicans may be softening on raising taxes for the wealthiest americans. the white house may be bending on some greater spending cuts for medicare and raising the age from 65 to 67. they will be work meeting witlater on. >> if you can see the rain coming down, livermore is getting hammered. we will be right back. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and...
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the county's top fire official recommended the closures, saying a loss of property taxes and a failed tax measure in november caused the district to burn through its cash reserves. >>> a decision on whether to buy a drone for the alameda county sheriff's office was sent to the public protection committee for further study. it's expected to hold a public hearing on the issue sometime in january. if approved, it will go back to the board of supervisors for a final decision. >>> and big bags of marijuana were hauled out of the victorian house that burned in san francisco. police also removed equipment for the growing plagues. the cause of the two-alarm fire in the haight-ashbury neighborhood is unknown. no one was injured. time now 6:10. >>> fiscal frustration. why a compromise on capitol hill looks more impossible every day. >> hundreds of thousands protesting at the egypt presidential palace. >> and the millionaire fugitive plans to make sure the government of belize never gets its hands on him. today... over president mohammed morsi's decision to declare his ial review. >>> in your wo
the county's top fire official recommended the closures, saying a loss of property taxes and a failed tax measure in november caused the district to burn through its cash reserves. >>> a decision on whether to buy a drone for the alameda county sheriff's office was sent to the public protection committee for further study. it's expected to hold a public hearing on the issue sometime in january. if approved, it will go back to the board of supervisors for a final decision. >>>...
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republicans may be softening on raising taxes for the wealthy americans. the white house may be bending on accepting greater spending cuts for medicare and possibly raising the medicare retirement age 65 age from 65 to 67. >> thank you mark. we will take a quick break the time is 6:38. we are following the weather. we have quite a bit of rain coming down quite a bit in the bay area especially in the east bay. george is following a hot spot in interstate 80, a backup sonically basically from berkeley up to the cartoonist bridge. george will let us know why and what is going (male announcer): live from the bay area this is the kron 4 morning news. kron 4 news starts now. >> thanks for watching kron fours bay area news channel. here are the top stories we're following a man accused of kidnapping, we're following a man accused of kidnapping, beating, risk girl. authorities (car horn) wpaying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a
republicans may be softening on raising taxes for the wealthy americans. the white house may be bending on accepting greater spending cuts for medicare and possibly raising the medicare retirement age 65 age from 65 to 67. >> thank you mark. we will take a quick break the time is 6:38. we are following the weather. we have quite a bit of rain coming down quite a bit in the bay area especially in the east bay. george is following a hot spot in interstate 80, a backup sonically basically...
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she filed a petition to vote on a bill in the house to raise tax rates on upper income americans. it's a bill already passed in the senate but house speaker john boehner who doesn't want to bring it to a vote. nancy pelosi is trying to push him to make it happen. we'll bring you more details throughout the morning. >>> it was a shocking story. a man pushed to his death at a new york city subway station. the reason a newspaper is under fire because of that incident. >> we're live in palo alto women are being targeted in early morning attacks. we'll tell you why police think the incidents are related. >>> here's a look at san mateo bridge. you can see the rain is finally hit down here. we'll have more wet spots on your roadways coming up. you disgust me. prove it. enough is enough. d-con no view, no touch trap snaps to kill instantly. no looking, no touching. d-con. get out. [ girl's voice ] we're gonna have lunch together. what're you having? oh, well, i only have this one, so... that'll do, i'll split it with sally. yea, we'll just share it. [ male announcer ] get your own subway
she filed a petition to vote on a bill in the house to raise tax rates on upper income americans. it's a bill already passed in the senate but house speaker john boehner who doesn't want to bring it to a vote. nancy pelosi is trying to push him to make it happen. we'll bring you more details throughout the morning. >>> it was a shocking story. a man pushed to his death at a new york city subway station. the reason a newspaper is under fire because of that incident. >> we're live...
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the forecast says the new tax -- tax revenues under prop 30 will slow economic growth but will not derail recovery. unemployment is one example jobless rate in california should average 10 1/2% by the end of the year improved to 9.7% in 2013 and fall to 8.4 in 2014. meanwhile, great news on home prices. they have surged more than 6% in one year, the biggest jump in six years. the median home price up $18,000 to $178,600. california is one of the top 10 states where prices are rising the fastest. just crossing the wires this morning, labor department reports u.s. workers were more productive this summer, they cost their companies less, that's good. banks are seeing profits again and starting to lend money a little more freely. katie marzullo, abc7 news. >>> another starbucks may pop up around the corner. the coffee giant is expected to announce today that it is planning to add at least 1500 in the united states over the next five years. the plan will boost the number of starbucks in the country by 13%. the seattle-based company says it will serve a new brand of tea worldwide. starbucks wil
the forecast says the new tax -- tax revenues under prop 30 will slow economic growth but will not derail recovery. unemployment is one example jobless rate in california should average 10 1/2% by the end of the year improved to 9.7% in 2013 and fall to 8.4 in 2014. meanwhile, great news on home prices. they have surged more than 6% in one year, the biggest jump in six years. the median home price up $18,000 to $178,600. california is one of the top 10 states where prices are rising the...
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the county's top fire official recommended the closures saying a loss of property taxes and failed tax measure in november caused the district to burn through its cash reserve. >>> some other headlines around the bay on this wednesday. a decision on whether to buy a drone for the alameda county sheriff's office sent to the public protection committee for further study. the committee is expected to hold a public hearing on the issue sometime in january. if approved, it will go back to the board of supervisors for a final decision. >>> a big bag of marijuana was hauled out of a home that burned in san francisco. police also removed equipment for the growing operation there. the cause of the two-alarm fire in the haight-ashbury neighborhood unknown. nobody was hurt. >>> time now 5:09. protests continue to rock egypt's capital this morning. >> plus a rare appearance. the vote that drew former senator bob dole in a wheelchair there to washington, d.c. >> and the star is reborn. how many gallons of paint it took to get this hollywood icon a face-lift. ,,,,,, ,,,, you won't take my life. you
the county's top fire official recommended the closures saying a loss of property taxes and failed tax measure in november caused the district to burn through its cash reserve. >>> some other headlines around the bay on this wednesday. a decision on whether to buy a drone for the alameda county sheriff's office sent to the public protection committee for further study. the committee is expected to hold a public hearing on the issue sometime in january. if approved, it will go back to...
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republicans are instead offering to close tax loopholes and limit tax deductions that favor the wealthy while extending current tax rates for the middle class. frustration is clearly growing on both sides. >> speaker's proposal right now is is still out of balance. >> we wasted an enormous amount of time here sparring back and forth in public. it strikes me as a good time to get serious about the proposals. >> reporter: a very big potential problem for speaker boehner even if he's willing to compromise with president obama, people within his own party are not are already saying they won't be willing to go along. i'll have more on that during my next update. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> controversial comedian katt williams says he's done. he's quitting stand up comedy after another run in with the law. >> i'm just going to go ahead and announce my retirement from stand up. i'm kind of done. >> katt williams made that announcement outside of a hotel sunday night after being kicked out of the hotel. on sunday he was taken to jail accused of fig
republicans are instead offering to close tax loopholes and limit tax deductions that favor the wealthy while extending current tax rates for the middle class. frustration is clearly growing on both sides. >> speaker's proposal right now is is still out of balance. >> we wasted an enormous amount of time here sparring back and forth in public. it strikes me as a good time to get serious about the proposals. >> reporter: a very big potential problem for speaker boehner even if...